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the u.s. life led on the sidelines of the east asia summit. the negotiators wanted to conclude a deal by the end of this year, but they couldn't agree on how to elimite taffs and they're still divided on other issues such as whether they will allow exemptions to the rules. australian prime minister julia gilliard said an ambitious deadline would be to reach agreement by next oblt. the negotiators will meet again next month in new zealand. >>> january 1, 2013 marks more than just the new year. for americans it could be the beginning of simultaneous tax hikes and spending cuts. >> talking about t fiscal cliff and everyone is talking about it including the u.s. federal reserve chairman ben bernanke. he warned the imminent fiscal cliff poses a stashlg threat to the nation's economy and does say cooperation to resolve budget worries could boost u.s. growth. >> the realization of all of the automatic tax increases and spending cuts that make up the fiscal cliff ab isn't offsetting changes would pose a substantial threat to the recovery. >> the central bank chief urged the government and con
to u.s. leaders negotiating over the so- called fiscal cliff about the serious financial impact looming on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they
of international efforts to mediate a truce between israel and hamas. u.s. secretary general ban ki moon is lending his support. >> my message is clear. all sides must avoid fire. further escalating the situation will put the entire region at risk. >> our leaders, he traveled to jerusalem with talks -- to talk with benjamin netanyahu. he condemned the attacks and the loss of civilian lives in gaza. netanyahu reiterated that they would be willing to are dissipate in a ceasefire but only if hamas immediately sees as the rocket attacks. >> the long-term solution to be put in place through diplomatic means and israel then would be a willing partner to such a solution, but if kroger military action through the necessary to stop the constant barrage of rockets, israel will not hesitate to do what is necessary to defend our people. >> there are signs that diplomatic efforts may be bearing fruit and mediators iran optimistic that a deal can be made to avert an israeli ground offensive. >> -- mediator's remained optimistic. >> what is the reaction to reports of a ceasefire? >> people don't really believe it
the u.s. do anything to prevent more bloodshed? plus terror bust about in california. the feds arresting four men they say had ties to the now dead radical preacher anwar al-awlaki. tonight details of what investigators say the suspects had planned. and the dirty secret at some of the nation's biggest airports. filthy and potentially dangerous air inside the terminals. tonight the suspected cause and which airports the feds say are just plain nasty. but we begin with a fox urgent new explosions now in gaza after the secretary of state hillary clinton arrived in the middle east to try to prevent all-out war. live images coming from gaza city. if you watch closely, you can see the fires in the upper part of the screen and we've seen much more. so keep watching. this is the apparent aftermath of explosions that happened just a few minutes ago. israel has been launching air strikes for a week now as hamas militants fire rocketses into the country. egypt has president is leading the talks. earlier today, he said a truce could be hours away. that didn't happen. the attacks continue now on both
in the southwest, been in the u.s. since the was basically took half of mexico. and the new latino population which is foreign-born, 40% foreign-born, and the rest of the children of immigrants. very conservative. i know when asked about government they may give answers that are not extraordinary, but sometimes we get tangled, caught up with polls. resort have seen in this election cycle. and i think with latinos we cite polling with specific issues but is that a better understanding of where they're coming from you will get an understanding of why they're answering the questions that way. but i believe with the latino community, we lost the latino vote because of immigration. if we would have a better position on immigration, from the get-go, from the primary governor romney would've been competitive and it would've been competitive in those battleground states where the latino vote was decisive. and, finally, we have to stop being rockefeller republicans. we are not the party of the 47%. you know, when governor romney said what he did last week that obama won because it gives to latinos and other
minister and the u.s. secretary of state. the truce calls for an immediate halt to the fighting and reportedly aims to work towards a longer-term solution as well. >> the latest escalation in violence began just over a week ago. since then, some 140 palestinians and five israelis have been killed in air strikes and rocket attacks. >> we will be trying to go live to cairo and also to gauze in a moment, but first, let's get back to evens earlier in it -- earlier in the day that threatens to derail the talks -- we will be trying to go live to cairo and also to gaza in a moment. >> panic on the streets of televisa. ambulances rushed to the scene of the explosion. -- panic on the streets of tel aviv. the bus was burned out but not torn apart, suggesting it may have been a relatively small bomb. israel is calling this a terrorist attack. >> hamas is a murderous organization, an organization that calls for israel's destruction. anyone who negotiates with them and the prime minister's holding talks with the americans, should know who sits there in gaza, and the need to hit them in those
can do if the u.s. heads into recession because of the fiscal cliff, bernanke says, not much. >> in the worse case scenario, where the economy goes off the broad fiscal cliff, the largest fiscal cliff, which, according the c.b.o. and our analys, would send the u.s. economy into recession, i don't think the fed has the tools to offset that. >> susie: members of the audience agreed. >> he was very frank in saying, you know, "we can try," he essentially said, "we will try, but we don't have anything in our arsenal that comes close." >> susie: bernanke is already using the weapons in his arsenal to fix the job market, which he said today is still "unhealthy". he also repeated the fed's plan to keep interest rates super low at least into 2015. >> we will want to be sure that the recovery is established before we begin to normalize policy. we hope that such assurances will reduce uncertainty and increase confidence among households and businesses. >> susie: but bernanke gave no hints on when americans can expect to see higher rates. >> the further we go down the road, the question
a great thanksgiving. jon: the u.s. condemns the bus bombing as a terror attack. secretary hillary clinton is working hard on brokering a cease-fire deal. she has met with israeli and palestinian leaders. chief white house correspondent ed henry has more. reporter: that's right, a double duty for the outgoing secretary of state. last night she was in a meeting with benjamin netanyahu. this morning, very early, meeting with the palestinian president and actually went back to israel to meet again with benjamin netanyahu. she also met with mohammed morsi. from a u.s. perspective, president obama is weeks away from being sworn in for his second term. they are hoping to bring peace of some kind and they hold that they have some kind of a short-term solution. they are looking for something and that is eluding them right now. jon: the hopes have been complicated by the relationship with egypt, which is not what you you you see. how does the u.s. have agreed that? >> you have president morsi secretary clinton is talking right now. there are questions about whether he can be trusted, what kind of a
there versus the u.s.? caller: i was looking at a place in a number of places in the philippines a friend of mine i'm a veteran and talk to other vets and he has a very nice small apartment right across the street from the beach and it's $150 a month. host: do you get a military pension? caller: no, i don't. i just missed. host: host: we're looking at twitter page. back to our calls in memphis. how is the economy affecting your retirement plans? caller: the economy is affecting my retirement plans. when the -- before the market crashed i had mutual fund and a stock in a couple of different companies. as the economy tanked even more i was one of the people who was without employment. i was able to draw unemployment and so i was able to have that until i received another job which was at a greater pay cut. now at this point trying to go back to school, trying to get my mutual funds back together because i did cash one of them out. my ira is together. i never rolled my 401-k over either. at this point trying to go back to school, trying to live on less money, downgrading all the way, having
for you. right. >>> research in motion may be losing another big u.s. customer. the national transportation safety board may switch from blackberries to apple's iphone. they have failed at inopportune times and the iphone would better link to the ipad. last month, the immigration and customs bureau switched to the iphone. you can see that we do have that stock price up about 8%, though, in u.s. markets yet. >>> still to come, i talk retail spending, online trends and holiday shopping with phillip green. plus, a rather well-known famous pop singing shopper. >> quality and it's comfortable. there you go. >> what's better than that? can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on groupping at fedex office. >>> after nearly 12 hours of talks, the ecb and imf officials failed in their request to agree conditions -- officials did agree to meet again ne
than cementing it back to the status quo ante, but in terms of hamas which has the u.s. and israel have tried to isolate it for all these years over the last week or so we've seen arab foreign ministers and leaders literally beating a path into gaza to go and stand shoulder-to-shoulder with hamas. this at the same time that egypt took that lead role and guaranteed and secured this cease-fire. so it's a very important significant moment. first time the new islamist government of egypt has been tested. hamas is now a force to be at least negotiated with rather than isolated. and we'll see whether this actually leads to something more than just a lull. >> what israeli officials say is that hamas made a commitment to the government in egypt, the president mohamed morsi, that they would stop firing into israel. if that were to be revoked, that would be a violation. they would be breaking their word to the egyptians and that would cause some serious repercussions i assume, christiane, between the egypt government, muslim brotherhood-led government, and hamas. >> reporter: well, i was obviousl
but what's been happening for the last week is gazans defending themself and they see the u.s. completely siding with israel. so while they would like to see a cease-fire, they say true peace cannot come along until israel stops targeting people in the gaza strip and that blockade of gaza is lifted. george? >> alex marquardt, thanks very much. >>> here at home, it is game on for the more than 43 million americans hitting the road this holiday. tomorrow could be the busiest travel day of the year, but the thanksgiving migration has already begun. americans scrambling into planes, trains and automobiles to make it home for the holiday. our travel team is tracking it all, and abc's senior national correspondent jim avila starts us off. >> reporter: good evening, george. tomorrow is supposed to be the busiest travel day of the year but airlines have cut the number of flights down 3%, and that means that if the weather holds, it actually could be a pleasant week to travel everywhere but in a couple of spots. a twin threat to air travel on the west coast. airport workers scheduled to demonstrat
an additional burden. >>> u.s. defense secretary leon panetta is urging congress to strike a deal before the end of the year. that's to avoid a fiscal cliff which may result in a significant reduction in defense spending. the fiscal cliff is a term used to illustrate drastic fiscal tightening if congress fails to reach an agreement by year's end. such a situation is feared to trigger a plunge in the economy. panetta warned that defense spending will be subject to drastic cuts if lawmakers failed to reach a consensus. >> the worst thing that could happen from my perspective is that they just kick the can down the road. all that would wind up doing is continuing to present a shadow over the defense department and for that matter, the rest of government. >> the defense department is already planning to reduce its budget by about $500 billion over the coming ten years. panetta has voiced concern that further cuts could undermine barack obama's new defense strategy that lays more emphasis on the asia pacific region. >>> japanese officials are scratching their heads about how to deal with sluggish tra
on both sized but that the u.s. backed israel's right to defend its borders against hamas which she referred to as a terrorist organization. >> america's commitment to israel's security is rock solid and unwavering. that's why we believe it is essential to deescalate the violence in gaza. the goal must promote regional stability and advance the security and legitimate aspirations of israelis and palestinians alike. >> as diplomatic efforts ramp up, the u.s. blocked a u.n. security council resolution yesterday condemning the conflict because the resolution didn't address rockets fired from palestinian territory. >>> to politics, one thing not to be thankful for on the eve of this holiday season -- 2016. that's right. just two weeks after the longest, most expensive and most exhausting election in u.s. history, troubled eyes are turning this morning to 2016 speculation as it begins over the next batch of candidates. republican up and comer jeb bush jr. says his dad needs to make a run for the white house. >> your dad going to run for president? >> i don't know. no comment. i certainly
attendant at u.s. airway authorized a strike though it is not expected to impact thanksgiving travel because cooling off period is expected to be imposed. attendant upset over contract terms under the merger of u.s. airway and america west airlines. >> as millions of americans head to the airport and face long security lines, news tonight about the threat that make those checks so critical. 4 men from southern california are under arrest charged with plot to go join al qaeda and kill americans. as pierre thomas explains the men are following a dead terrorist still so powerful he's inspiring a new wave of jiha jihadist from the grave. >>reporter: an war was the world most wanted man. public enemy no. 1. encouraging radical to attack america in the on line preaching. u.s. killed him in the drone strike in september 2011 but today we learn he's still helping to recruit terrorists from the grave. overnight the fbi announced charges against 4 california men accused of plotting to good to afghanistan to bomb and kill u.s. soldier soldiers. they were disciple of an war. extensive amount of
life-saving treatment for the first time. the u.s. government has joined with some of its biggest foreign rivals in opposing an international moratorium on capital punishment. the u.n. general assembly voted against the death penalty earlier this week by a vote of 110 to 39, with u.s. joined in opposition by countries including iran, north korea, syria, and china. british prosecutors have charged two former top executives at rupert mourdock's news international with bribing public officials for information. rebekah brooks, a former editor and onetime head of news international, is accused of conspiring to pay $160,000 in bribes to a british defense ministry official over a seven- year period. brooks has been a close confidante of mourdock's as well as a friend of british prime minister david cameron. in a separate incident, andy coulson, a former editor who once served as scammers spokesperson, is also facing bribery charges. he and brooks already face criminal charges stemming from the scandal that led to the shutdown of murdoch's news of the world tabloid last year amidst revela
will be felt here in the u.s. joining me now in a fox business exclusive is senior advisor to the mayor, thank you for being with us. i want to get right to it. a cease-fire is good news but what is your take on it? >> is quite interesting because since the cease-fire was signed, several rockets were launched after the cease-fire came into effect. things have been pretty quiet and we hope it continues this way. melissa: do you feel that they violated it already? >> i guess you could call it that. we are dealing with band of terrorists whose political ideologies to kill as many as thewecan. we have to take it with a grain of salt. we want the southern border to be peaceful and that is why we signed the cease-fire with them and we hope they stand up to the terms they agreed to. melissa: israel agreed to stop all hostilities and not target specific individuals. palestinians said they would stop against israel including rocket attacks and along the border. obviously this question about that, but does it seem fair to you? >> let's put it this way. our goal is to make sure our citizens live peaceful
that elected him and the muslim brotherhood, as well as the u.s. and the international community and all that is bound into that. >> yeah. michael, in many ways as we speak today egyptian president mohammed morsi is viewed as maybe the most important voice for the palestinians on the world stage, and to understand the type of pressure he is under it's so important to understand how arabs, how egyptians view this conflict between the palestinians and the israelis because it is very different from the western view. egyptians, arabs, look at the latest round of fighting, and they see more than 130 palestinians killed compared to five israelis killed. they should taking on fighters that are smuggling weapons in, and they see israel as an illegal occupying force for more than 40 years. they see this as an unjust, as a lopsided conflict, and they want president morsi to do something about it. at the same time mr. morsi has made it clear that he doesn't want to disrupt his alliances with washington and western powers. he relies on these governments for political credibility, for economic recove
then participate in violent gee jihad. -- one of them served in the u.s. air force. the fbi says the men planned to depart this month. >> a man is under arrest accused of molesting girls and offering them marijuana. san rafel police arrested jason edward clar yesterday. he's accused of the continuous sexual abuse of two girls under the age of 11, also taking lewd pictures of them and offering them marijuana. he has not seen the girls for about two years now. the girls told a parent about the allegations. clar is being held on $150,000 bail. >>> san mateo county prosecutors filed new charges against a murder suspect to try to keep him in jail while they appeal the dismissal of a murder charge against him. they charged gregory elarms with possessing weapons while in jail. that increased his bail to a half million dollars. he confessed to the fatal shooting of activist david lewis but the judge dismissed the case saying that elarms wasn't given his miranda rights. prosecutors say they'll appeal the dismissal to the state attorney generals office. >> he's the winningest football coach in cal history
, a longtime u.s. diplomat and mideast envoy, serving in the george h.w. bush, clinton, and obama administrations. he's now a counselor at the washington institute for near east policy. and khaled elgindy, a palestinian participant in the 2007 annapolis peace negotiations, and now a fellow at the saban center for middle east policy at the brookings institution. i want to start with you. your reading on where things stand tonight in termed of a pause or cease-fire. >> i do think the outlines of the cease-fire have probably been shapedded at this point. i think the secretary of state is there and has a chance to finalize this by, in a sense, becoming the, i think, the repository of the commitments that each side has made. i think one of the things that's going on right now is trying to make certain that all the understandings are understood the same way by each side and whatever promises are being made will now be promises made to her as well. in effect she becomes almost the holder of those as a kind of deposit. that, i think, is a chance for the cease-fire to actually be implement
army had been stolen from the ministry of defense by the very people the u.s. entrusted to run it. >> that's a lot of money. >> it's one of the biggest thefts in history, i think. >> most of the iraqi officials involved, including the former minister of defense, have skipped the country, but we found one of his deputies vacationing in paris. if you went back to baghdad, you'd be arrested. >> uh, no. nobody will arrest me. they will kill me. [ticking] [camera shutter snaps] >> these surveillance photos were taken by undercover police officers while they watched a team of seven south american thieves clean out an old navy store. >> shirts at $22.50, and they got the whole rack. >> when police moved in to make the arrest, they found enough merchandise to fill a room. all taken in less than an hour without anyone inside the store noticing a thing. [ticking] >> we have never seen a problem of this size and magnitude in world history. >> now hang on. in world history. >> there's more counterfeiting going on in china now than we've ever seen anywhere. >> name an american brand. any brand
the hamas political party won the election there. the u.s. says the hamas military wing is a terrorist organization. all of this started when israel retaliated after weeks of rocket attacks from gaza. secretary of state clinton will meet tomorrow with palestinian representatives and then move on to talks in egypt but she is in jerusalem tonight and so is allen pizzey. >> reporter: the late-night press conference in the office of the israeli prime minister was brief and blunt. benjamin netanyahu made it clear he was in no hurry to sign on the dotted line and signaled that a ground war was still possible. >> now if there's a possibility of achieving a long-term solution to this problem through diplomatic means we'd prefer that. but if not i'm sure you understand that israel will have to take whatever action is necessary to defend its people. >> reporter: secretary clinton made the point that both sides have suffered casualties and added a thinly veiled warning that a cease-fire was essential. >> our hearts break for the loss of every civilian, israeli and palestinian and for all those wh
. you have been quoted as saying that there are very likely as many or more spies working against u.s. interests inside the u.s. during the cold war, which was a head snapping quote when i read it. who are these people and what are they after? >> i don't know that. i've been on the government for six years, but if you look at the value of intelligence, importance of intelligence in the expenditures of resources by china, by russia, but others and look for them is one of the biggest is. well it's the u.s. not only national security secrets, the commercial seats as be of much of can be gleaned or stolen from cyberspace. it is a dire threat in part because we shifted so much attention, so much resource and the counterterrorism arena we've forgotten the necessity of old-fashioned counterintelligence and that's an important element of this. >> often i've heard some people involved in counterintelligence tends to be seen as the redheaded stepchild of the intelligence world. why is that when we need it and what is the cure for a? effect in part because it's something we don't want to think a
this morning on the green ship of our u.s. navy. it's very appropriate that it be here heading the fleet in san francisco. admiral beeman, thank you very much for your leadership. it is impressive what we are accomplishing. just two years ago, we started with an understanding that our military, the coast guard, the u.s. navy, the marine corps, had something that we really needed. it's called logistics expertise. and we recognized that and with the help of our fleet week association, with the help of our honorary chair, former secretary of state george scholtz, along with senator feinstein who started fleet week, we began to appreciate in addition to appreciating the men and women in uniform and the wonderful attributes of having fleet week and the blue angels and the parade of ships, we could also be working on something very important to this city. all across the world there are examples after example and i know the men and women and leadership of the uss macon know this after their tour of duty these past months, all over the world there are disasters and emergencies that we are res
. >> reporter: clinton assured israel of u.s. support. >> the rocket attacks from the terrorist organizations inside gaza on israeli cities and towns must end. >> reporter: secretary clinton met with palestinian leader this morning and will meet with president morsi later today. >> the goal must be a durable outcome that advances the security and legitimate aspirations of israelis and palestinians alike. >> reporter: egyptian president mohamed morsi is seen as critical to any peace dale. his muslim brotherhood is close to hamas. a hamas spokesman is quoted in one report saying we hold absolutely no hope of hillary clinton helping to resolve this conflict. >> susan mcginnis in washington this morning. thank you so much. as we reported egypt is expected to play a key role in brokering a truce and trying to maintain it. clarissa ward reports from caro this morning. >> reporter: good morning. >> we were expecting some type of announcement last night regarding a cease-fire. what happened? >> reporter: that's the million dollar question. everyone here in egypt was expecting for president morsi to m
members from the u.s. marine corps, 20 members from the u.s. navy, 10 members the u.s. coast guard, where we will then partner with them and cross train them and use our techniques, reaching technical rescue and high and low rescue being demonstrated in display. we will also be having some of our u.s. navy personnel on ride-alongs with members on our ambulances, fire engines and trucks to continue with our cross training. so, it gives me great pride to be here to continue to serve as the fire chief, to welcome the military, and to say thank you to all of you. here's to an enjoyable fun-filled busy weekend. all the best, and thank you for your service. (applause) >> i wanted chief to tell you about that training. we first did it in 2010, search and rescue which we knew was a problem in haiti in the earth wake in the recovery. and like they say in san francisco, the fire department, we know how to do it, but when the big earthquake hits, we're all going to be victims and we want to make sure that anybody that potentially could come in to help dig us out knows how to do it. well, we trained
's the sponsor for the u.s.s. cole and i want to welcome you, lee perry, here this morning and thank you for all you've done and supporting your husband and his marvelous career. thank you, ms. perry. (applause) >> our speaker this morning, the former secretary of defense william perry, i first met when he was the deputy secretary of defense, and he and mrs. perry came to korea where i was the c5j5 and i was assigned to escort them around. and i had a lot of those kinds of duties while i was assigned to korea. but it was the most pleasant experience i had and i say that honestly, to get to know these two people. and he then became our secretary of defense. and many of us that have served thought that he was one of the best secretary of defenses we've ever had. he's currently a senior fellow at the hoover institute and a freeman foley institute of international studies. he is the michael and barbara bavarian professor at stanford university and serves as co-director of the nuclear risk reduction initiative and preventive defense project. please help me welcome our speaker this morning, former sec
clinton says the u.s. strongly condemns the bombing and is ready to provide any assistance that israel requires. there were high hopes for a truce when she arrived in israel less than 24 hours ago but the bombing and israel's response launching new attacks in gaza is a dramatic setback. she's still pushing for a longer term solution. >> the goal must be security and advances the security of palestinians and israelis. >> there are reports that the tentative outline of a truce calls for a 72-hour cease-fire to give more time for some sort of diplomatic breakthrough. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 7:17. new this morning, general john allen is back at his job as a top u.s. and nato commander in afghanistan. allen returned to kabul after the announcement between the general and the general petraeus scandal. allen was supposed to testify before the senate committee on his nomination to become the commander of u.s./european command and the top nato general but that nomination is on hold. his return to afghanistan comes the day as the same day the
actually born during that time and those kids are u.s. citizens. but his links to this country certainly are going to be put to the test tomorrow when secretary of state hillary clinton joins the peace talks. she actually landed in tel aviv tonight and she offered strong praise for the egyptian president. >> we appreciate president morsi's personal leadership and egypt's efforts thus far. as a regional leader and neighbor, egypt has the opportunity and responsibility to continue playing a crucial and constructive role in this process. >> jennifer: morsi has been in close contact with president obama as well and the two spoke today for the third time in the last 24 hours. but nonetheless, this is really going to be a tough balancing act for morsi. on the one hand, egypt needs to keep its good relations with the united states in order to secure the $1.3 billion in military aid that the u.s. gives it each year as well as the additional support it gets from institutions like the world bank. and then on the other hand,
for greg. ♪ >> shannon: the u.s. and egypt brokeer a cease-fire but will it hold up? this is "special report." >> shannon: good evening. i'm shannon bream in for bret baier. secretary of state hillary clinton announced truce after a week of retaliation for hamas rocketfire. in a region where they come and go like the seasons, there are concerns how long it can last. we begin in southern israel. >> restaurant, mile from the border, rest of the soldiers like the rest of the country watch noose announcing a cease-fire. officials mediate the deal. as did the u.s. secretary of state hillary clinton. who arrived yesterday in the middle east. >> we will work to consolidate the process, provide security for people of israel. >> half an hour before the truce was scheduled to take effect, benjamin netanyahu spoke to the country. >> i know there are citizens expecting more reangst. we should use this opportunity to achieve a long lasting cease-fire. >> barrage of rockets targeting israel. minutes after there is a border town. >> part of the agreement is israel will stop the targeted assassinatio
, the yen is getting weaker and weaker. the flight to safety going to the euro dolla euro dollar and e u.s. dollar. let's wait and see how this plays out on monday, it ought to be very interesting. cheryl: it is never boring. let's go over to the nymex. tom, certainly not boring in the oil market in particular watching all of the news unfolding out of the middle east. how are you feeling? >> i'm glad it's wednesday, i'md i'm glad we are closed. up $1 on the open and gave it all back, ending up with a rally at the end of the day. you would see oil probably six or $7 cheaper. as long as there are problems in the middle east, you will see oil maintaining above $85. cheryl: $6 or $7 cheaper, why do you say that specifically? is their lack of demand, traditional winter driving season, what is it? >> it is a combination of them. we are driving even less than we normally do in the summer. i think also you will see the dollar strengthen as your previous guest said. the dollar will be a flight to safety, nfs gets stronger, oil should go lower. it'll be held up by the middle east. cheryl: thank you
throughout the hour. thank you, stephanie, jim and ayman. >>> joining me in the studio former u.s. ambassador to israel, martin, now at brookings. author of "bending history president obama's foreign policy." thanks to both. martin, we've seen this before. we've seen crease fires that hold and that don't hold. first of all, this is an unusual role because we've never seen the muslim brotherhood leader and now president of egypt brokering this and he taking responsibility as hillary clinton was very quick to point out for making sure it does hold. >> i think it's a hugely important development. first of all the cease-fire itself which means a relief for the citizens of gaza and the citizens of israel, which is important in itself and let's hope it holds, but the fact that this was brokered by the united states in the form of the secretary of state on one side and the democratically elected muslim brotherhood president of egypt on the other is a new post-arab spring development which bodes very well because there was always a question, the muslim brotherhood with its anti-israel, anti-western i
of a public a a u.s. institution this year, and we were talking about counteroffers that his institution has to make. and he said that when he was lucky he could raise enough money to find enough money somewhere to match many salaries , but what he could not match was a condition -- the conditions of the building, the ability to produce the number of restaurants desired by faculty members to work with them, and he also could not match a coor's reduction where a private research president can offer pretty amazing packages overall to his star faculty. very hard for many public to match. and this turns out to be all over the place. as a result we see right now when you're talking about how you sustain excellence in scholarships, research, you see a lot of soul-searching going on in public higher education where institutions are trying to think about how private they can become. so many institutions have basically given up on the state. and as i was reminded here just this morning, there are institutions like the university of vermont that have done for years, straddled a public-private relation
. and they said that more talks would resume today. now, as you rightly said, the u.s. secretary of state, hillary clinton, she is in the region. she was meeting with the israeli prime minister, benjamin netanyahu, late last night. and standing shoulder-to-shoulder, she reiterated the u.s.'s unwavering support for israel to protect its citizens, for the citizens here to live in peace, and for hamas to stop firing their rockets into the southern israeli cities. this is what she had to say. >> the goal must be a durable outcome that promotes regional stability and advances the security and legitimate aspirations of israelis and palestinians alike. >> reporter: well, as we enter day eight of this conflict, dubbed killer of defense by israel, the bombardment is continuing on gaza. israel has shelled gaza from the air and from the sea, saying it hit strategic targets, including at least 50 underground launch sites. now, for their part, hamas has retaliated by firing at least two rockets from gaza, headed to southern israeli cities here. and what the israeli defense forces say are densely-populated area
beneficial to not only the u.s. navy and marine corps, but to the international community. >> thank you. another hand? >> [inaudible] my experience with the haiti response. in this casey i was working at the deputy principal committee level and working at the white house. but it was really the first opportunity for this administration to work with a very complex response, and then recognizing for us the supported commander was usaid that normally isn't in the emergency response business. so, it was an educational process of how to move forces and yet support usaid and the role of the country team and port au prince. so, it was very informative there. and to back up when we had the first no fooling hurricane that worked its way up the entire gulf coast, the principal committee calls that were generated during the haiti response were then turned around and then bringing all of the governors into a conference call with the president to make sure that all their needs were being met in the advance of a hurricane arrival. so, we really had all of government, from local all the way up to the w
account? >> they have to move up on the spectrum. we don't see a lot of value in u.s. treasuries and investment grade corporate bonds right now because based on low interest rates and the possibility of appreciation, a five year time horizon of zero total return. david: where would the most conservative investors of all, which are the elderly, where would they go in equities? where would they trust their funds in equities? >> to give your definition, these are companies that have dividend paying stocks that have consistently increased them over the last 25 years and increase them to keep up with inflation. example of that would be at&t, johnson & johnson, procter & gamble. the best way for our clients to play that right now is through the etf. a little bit of play, taking the market risk and the business risk off the table because they are not going to single security. buying a basket of funds. lauren: th to kind of keep on driving home the etf. certainly has staying power. what else should investors do, if anything? >> for somebody who doesn't want to get into equities to go see
condemning the bus bombing, going on record saying that the u.s. will stand with its israeli allies. joining me from cairo, nbc news correspondent jim maceda. jim, explain to all of us the reaction to secretary clinton's visit to the region and the impact that her presence has brought to the negotiations for a cease-fire. >> reporter: first, the reaction has been one of anxiety, anticipation, and of deep hope that secretary of state hillary clinton can now broker or help to broke err deal. they certainly don't want war right next door. many are asking where america has been for these past eight or so years. i think the overall feeling is one of anticipation, that something hopefully now can move forward. in terms of her impact today, she's met already with president morsi. she's also wrapping up a meeting with the foreign minister and we understand at the press conference she's supposed to give has not started yet. but i can guarantee you that many people here in egypt and israel are intent on following that press conference. unlike yesterday, there have been no dramatic statements that a ce
going to a safe room. tel aviv, a residential building is also hit. u.s. secretary of state hillary clinton arrived for peace talks. >> the goal must be a durable outcome that promotes regional stability and advances the security and legitimate aspirations of israelis and palestinians alike. >> and that is what the last 24 hours have looked like, again, breaking news this evening, a series of massive explosions have really rocked central gaza city over the last hour or two. and we -- it is often the time when some of the biggest explosions occur. we are watching with some trepidation to see what may occur over the next hour. we'll join wolf blitzer, my colleague in jerusalem. arwa damon, and ben wedeman, and we have someone from sanford university, joining us from new york and princeton university's anne marie slaughter and we'll talk to the israeli ambassador of the united states. wolf, what are you hearing about hillary clinton's activity. she landed with tel aviv and met with benjamin netanyahu, and later she will meet with mahmoud abbas and president morsi in israel. what are yo
that the u.s. hase reduced its co2 emissions moresa than any other country in the world. a remarkable accomplishment. why? because of natural gas. clearly what i think will happen in the next four years, the obama administration and the epe are going to continue imposing regulations on the coalposing industry, which will lead to more natural gas-fired generation capacity in the u.s. clearly also going to lead toclo aore coal exports from the united states. nt gerri: does not reducing we are using. here is with the national minin associatioln had to say. current administration policy virtually precludes the construction of nuclear calli based plants. necessary platform for the technology the president advocated. the same policies have skewed the market against call. theshave do you agree? >> i think that is clearly the case. think t you have a lot of haregulationsn are putting pulled behind the eightball.cool natural gas in many parts of thl country that is priced underuntt col. what is happening to back theu. u.s. will be exporting moreexpoe cool, but the key point here with regard to
of that? speak of the war is quite complicit dumb explicit. if the u.s. goes over the fiscal cliff, the jump in taxes woul likely quickly push the u.s. economy into a recession and there is nothing the fed cado to prevent that from happening. gei: it seems to have unloaded everytng they have, the economy has to come back on its own now. >> they can do with the bank of japan is now supposedly considering, resort to negative interest rate policy. consumerwould be charged to keep money in savings accounts. that is one way getting people to spend, i don't think that is likely to happen anytime soon. gerri: i think that is just crazy talk to lots of viewers. but it is reality. instead of getting paid for putting your money someplace, which is the way it normally happens, instead you have to pay for the privilege. now why are people willing to make that trade-off? >> simply because they don't have enough room in their mattress to store their money or they don't have enough confidence to put their money in other financial assets sucas stocks. gerri: we are not here yet. >> could be a real
as an illinois state senator, in the u.s. senator, and when you read the audacity of hope, his book about his all-together brief senate career. it's clear he's not an ideolog. i -- i always thought that, you know, the idea of him as a socialist or whatever was just a smear. >> how did he get painted that way, or was there an element of truth to it? >> this is quite a bit about what the next book is about -- >> margaret talked bow -- >> the smear, there was a concerted effort started even before he became president, but really accelerated in 2009 to destroy him politically for the purposes of regaining power, and so it was not a conspiracy, but there were a lot of people who had, you know, a similar interest in trying to paint him as something that he was not. i mean, we all know about the whole birther movement and everything. one of the amazing parts about that is that how far it moved into the mainstream where you could hear nonsense on the floor of the congress or from board rooms. i mean, if you stop -- we're so used to it, we don't stop to think about how completely insane it is. what would
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